NewtekOne Extends Expiration Date for Exchange Offer of 5.50% Notes to January 23, 2026

NewtekOne extends the expiration of its Exchange Offer for 5.50% Notes to January 23, 2026, providing additional participant time.

Quiver AI Summary

NewtekOne, Inc. has announced the extension of its Exchange Offer, allowing holders of its outstanding 5.50% Notes due 2026 to exchange them for new 8.50% Fixed Rate Senior Notes due 2031 until January 23, 2026. The new expiration time allows more participants the opportunity to exchange their notes before the original notes mature on February 1, 2026. The settlement date for the Exchange Offer is expected to be January 28, 2026, and all terms of the offer remain unchanged aside from the extended expiration date. After the record date of January 15, 2026, all holders of Old Notes will receive a final interest payment even if they do not participate in the exchange. U.S. Bank Trust Company acts as the Exchange Agent, and interested parties are encouraged to reach out for more information.

Potential Positives

The extension of the Exchange Offer provides additional time for holders of Old Notes to participate, potentially increasing participation rates and enhancing liquidity for the company's debt.
The exchange offering higher interest rates for the New Notes (8.50% vs. 5.50%) is likely to be attractive to investors, which could bolster investor confidence and improve market sentiment toward the company.
By ensuring that all holders of Old Notes will receive a final interest payment regardless of their participation in the Exchange Offer, the company demonstrates commitment to meeting its obligations and supporting its investors, which can enhance trust in the company’s management.

Potential Negatives

Extending the expiration date of the Exchange Offer may indicate that NewtekOne is struggling to attract participants for the exchange of their Old Notes to New Notes, raising concerns about market confidence in the company's debt offerings.
The settlement date for the New Notes falling after the record date for the final interest payment on the Old Notes could frustrate investors, as they will have to wait longer to receive interest on the New Notes.
The fact that the Exchange Offer is being extended could signal potential liquidity issues for the company, creating uncertainty around its financial stability in the near term.

FAQ

What is the new expiration date for the Exchange Offer?

The expiration date for the Exchange Offer has been extended to January 23, 2026.

How can holders exchange their Old Notes for New Notes?

Holders must validly tender their Old Notes before the new expiration date, January 23, 2026.

When is the settlement date for the Exchange Offer?

The settlement date is expected to be January 28, 2026, following the expiration date.

Will holders receive interest payments on Old Notes during the exchange?

Yes, holders of Old Notes as of January 15, 2026, will receive the final interest payment before maturity.

Who should I contact for more information about the Exchange Offer?

Contact the Information Agent, Alliance Advisors, at 1-855-206-1406 or via email at [email protected].

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$NEWT Insider Trading Activity

$NEWT insiders have traded $NEWT stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $NEWT stock by insiders over the last 6 months:

BARRY SLOANE (Chairman & CEO) has made 5 purchases buying 10,000 shares for an estimated $102,170 and 0 sales.
RICHARD J SALUTE has made 3 purchases buying 3,000 shares for an estimated $33,762 and 0 sales.
GREGORY L ZINK has made 2 purchases buying 1,500 shares for an estimated $16,460 and 0 sales.
CRAIG JEFFRY BRUNET purchased 789 shares for an estimated $8,924

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NEWT Revenue

$NEWT had revenues of $70.2M in Q2 2025. This is an increase of 14.8% from the same period in the prior year.

You can track NEWT financials on Quiver Quantitative's NEWT stock page.

$NEWT Hedge Fund Activity

We have seen 64 institutional investors add shares of $NEWT stock to their portfolio, and 62 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTH REEF CAPITAL MANAGEMENT LP added 386,924 shares (+inf%) to their portfolio in Q3 2025, for an estimated $4,430,279
AQR CAPITAL MANAGEMENT LLC added 221,125 shares (+62.1%) to their portfolio in Q3 2025, for an estimated $2,531,881
UBS GROUP AG removed 159,172 shares (-77.6%) from their portfolio in Q3 2025, for an estimated $1,822,519
TWO SIGMA INVESTMENTS, LP added 115,374 shares (+106.6%) to their portfolio in Q3 2025, for an estimated $1,321,032
CITADEL ADVISORS LLC removed 103,506 shares (-47.5%) from their portfolio in Q3 2025, for an estimated $1,185,143
PRUDENTIAL FINANCIAL INC added 98,479 shares (+134.8%) to their portfolio in Q3 2025, for an estimated $1,127,584
TUDOR INVESTMENT CORP ET AL removed 90,789 shares (-82.9%) from their portfolio in Q3 2025, for an estimated $1,039,534

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NEWT Price Targets

Multiple analysts have issued price targets for $NEWT recently. We have seen 2 analysts offer price targets for $NEWT in the last 6 months, with a median target of $13.0.

Here are some recent targets:

Crispin Love from Piper Sandler set a target price of $13.0 on 01/09/2026
Timothy Switzer from Keefe, Bruyette & Woods set a target price of $13.0 on 09/19/2025

Full Release

BOCA RATON, Fla., Jan. 12, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) today announced that the expiration date with respect to its previously announced offer to exchange (the “Exchange Offer”) its outstanding 5.50% Notes due 2026 (the “Old Notes”) for an equal principal amount of newly issued 8.50% Fixed Rate Senior Notes due 2031 (the “New Notes”) has been extended to January 23, 2026 in order to provide holders of Old Notes additional time to participate in the Exchange Offer and exchange their Old Notes for New Notes prior to the scheduled maturity of the Old Notes on February 1, 2026.

The Exchange Offer will now expire at 5:00 p.m., Eastern time on January 23, 2026, unless extended or earlier terminated by NewtekOne (such date and time, as the same may be extended or earlier terminated, the “Expiration Date”). In order to be exchanged in the Exchange Offer, an Old Note must be validly tendered and not validly withdrawn at or prior to the Expiration Date and accepted by NewtekOne. The settlement date for the Exchange Offer will occur promptly following the Expiration Date, and is expected to be January 28, 2026 (the “Settlement Date”).

Because the Settlement Date for the Exchange Offer will now fall after the January 15, 2026 record date for the final interest payment on the Old Notes prior to the scheduled maturity of the Old Notes on February 1, 2026, any holder of Old Notes (whether or not exchanged in the Exchange Offer) as of such record date will receive this final interest payment; note, the first interest payment on the New Notes will be net of the amount of interest paid on the Old Notes from the Settlement Date to but excluding the February 1, 2026 interest payment date of the New Notes.

All other terms of the Exchange Offer, other than the Expiration Date, which has been extended to give holders additional time to participate, including the conditions to its consummation, remain unchanged.

Exchange Agent, Information Agent and Dealer Manager

U.S. Bank Trust Company, National Association is serving as the Exchange Agent for the Exchange Offer. Alliance Advisors is serving as Information Agent for the Exchange Offer. Lucid Capital Markets, LLC is serving as the Dealer Manager for the Exchange Offer.

Requests for assistance, additional copies of the prospectus or the letter of transmittal, or questions regarding the procedures for tendering Old Notes should be directed to the Information Agent or the Exchange Agent using the contact information provided in the prospectus.

Important Information

This press release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Old Notes or New Notes. The Exchange Offer is being made only pursuant to the Exchange Offer prospectus, which is being distributed to holders of the Old Notes and has been filed with the SEC as part of the Company’s Registration Statement on Form S-4 (File No. 333-291615), which was declared effective on November 28, 2025.

Copies of the prospectus and the other Exchange Offer documents may be obtained from the Information Agent:

Alliance Advisors
The Overlook Corporate Center
150 Clove Road Suite 400
Little Falls Township, NJ 07424
Attn: Tyler Herka
Telephone: 1-855-206-1406
Email: [email protected]

Holders of Old Notes should read the prospectus and related documents carefully before making any decision regarding the Exchange Offer as it contains important information about the Exchange Offer, the Old Notes and the New Notes, including certain material differences in the terms and the rights of holders of the Old Notes as compared to the New Notes.

About NewtekOne, Inc.

NewtekOne ^® , Your Business Solutions Company ^® , is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions . In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek ^® , NewtekOne ^® , Newtek Bank ^® , National Association , Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.

Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / [email protected]